Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$80,010$80,010$742,500
Remaining term (yrs)9.69.630.0
Secondary amount$0$662,490$0
Funding fee$400$400$0
Note rate2.450%2.450%7.400%
Blended rate2.450%7.179%7.640%
1st payment$769.47$769.47$5,140.92
2nd payment$0.00$4,278.58$0.00
Taxes / mo$119.67$119.67$119.67
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$148.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,105.80$5,384.38$5,625.75
Cash to close$744,990$82,500$82,500